Dear Traders & Followers,
There is a possibility to go short from the current price or 94.10
to the level of or 93.00.
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: Trade at your own risk.
Good Luck...!!
Regards,
Growing Forex Team
As we were looking for decline on the DXY 0.10% , bulls took over control. Here we go with my weekly analysis on the U.S. Dollar Index ;
A (orange)(closed) : Price clearly bounced on our bullish trendline . Blue area as been broken in the beginning of the week, my bearish bias was completely canceled. No break and no resistance, this direction bias...
Dollar index broke a key monthly support level last month and is currently trading below this monthly resistance on bigger timeframes. In this setup, I see a bearish pull back on the daily time frame and a good time to buy other currencies and gold as they are all on their pull backs as well technically.
Firstly congratulations to those who took shorts on the previous idea (please see attached), very well done for clearing all targets on the handle.
We are rolling with the dollar holding 100.xx post FED - we need to keep in sync with the dollhair to make our next few months a lot easier and it will separate the men from the boys, having a crystal clear map will...
DXY has sold through an area or support at 95. For the trend to remain and reconfirm short, a retrace no stronger than 95.45 would be expected. Further selling down to the 95.60-94.20 zone for a short trend extension.
DISCLAIMER:
This is where I practice ideas and work on my trading techniques. This is not investment advice. Please note I am only providing my own...
Hi All,
I've been looking at EUR, DXY, Cable, and Swissy for a while now and my counts are all pointing to USD falling. (Please review my previous posting) - This also tells me that the looney will be falling as well.
Revised count:
Wave 1 - From the top labelled as (c), A clear 5 wave impulse down
Wave 2 - Flat correction
Wave sub 1 of 3 - from the...
Dollar Index Monthly - Structure speaks for itself. Big moves to the downside expected. This correlates well with global indices and Oil they are also indicating a big correction on larger timeframes technically.
